Tenaz Cash vs Non Current Liabilities Total Analysis
TNZ Stock | 13.76 0.10 0.73% |
Tenaz Energy financial indicator trend analysis is much more than just breaking down Tenaz Energy Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tenaz Energy Corp is a good investment. Please check the relationship between Tenaz Energy Cash and its Non Current Liabilities Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaz Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Non Current Liabilities Total
Cash vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenaz Energy Corp Cash account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tenaz Energy's Cash and Non Current Liabilities Total is 0.75. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Tenaz Energy Corp, assuming nothing else is changed. The correlation between historical values of Tenaz Energy's Cash and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Tenaz Energy Corp are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash i.e., Tenaz Energy's Cash and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Tenaz Energy Corp, which is listed under current asset account on Tenaz Energy Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Tenaz Energy customers. The amounts must be unrestricted with restricted cash listed in a different Tenaz Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Non Current Liabilities Total
Most indicators from Tenaz Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tenaz Energy Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaz Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Tenaz Energy's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 4.25, though Tax Provision is likely to grow to (5.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 11.1M | 21.7M | 40.0M | 42.0M | Total Revenue | 17.8M | 34.1M | 64.9M | 68.1M |
Tenaz Energy fundamental ratios Correlations
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Tenaz Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tenaz Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 55.1M | 34.4M | 75.4M | 203.9M | 238.7M | 250.7M | |
Total Current Liabilities | 3.2M | 5.6M | 7.4M | 58.7M | 44.0M | 46.2M | |
Total Stockholder Equity | 44.9M | 22.9M | 65.3M | 71.4M | 96.4M | 101.2M | |
Net Debt | 100K | 4.4M | (25.3M) | 19.8M | (50.1M) | (47.6M) | |
Retained Earnings | 250K | (22.1M) | (10.1M) | (4.5M) | 21.1M | 22.2M | |
Accounts Payable | 2.3M | 1.2M | 6.8M | 14.4M | 15.7M | 16.5M | |
Common Stock Shares Outstanding | 11.5M | 11.4M | 14.9M | 28.9M | 29.1M | 30.5M | |
Liabilities And Stockholders Equity | 55.1M | 34.4M | 75.4M | 203.9M | 238.7M | 250.7M | |
Other Current Assets | 149K | 221K | 252K | 1.1M | 1.2M | 1.3M | |
Other Stockholder Equity | 4.4M | 7.2M | 7.7M | 8.9M | 14.1M | 14.8M | |
Total Liab | 10.2M | 11.5M | 10.1M | 132.5M | 142.4M | 149.5M | |
Total Current Assets | 2.1M | 1.3M | 27.5M | 72.3M | 92.5M | 97.1M | |
Other Current Liab | 447K | 1.6M | 7.4M | 520K | 28.3M | 29.7M | |
Property Plant And Equipment Net | 52.9M | 33.1M | 47.9M | 119.0M | 124.9M | 131.1M | |
Non Current Assets Total | 52.9M | 33.1M | 47.9M | 131.6M | 146.2M | 153.5M | |
Net Receivables | 1.8M | 1.1M | 1.8M | 10.3M | 8.0M | 8.4M | |
Non Current Liabilities Total | 7.0M | 5.9M | 2.7M | 73.8M | 98.4M | 103.3M | |
Short Long Term Debt Total | 242K | 4.2M | 167K | 21.6M | 244K | 231.8K | |
Short Term Debt | 48K | 4.0M | 61K | 21.5M | 24.8M | 26.0M | |
Accumulated Other Comprehensive Income | 2.2M | 2.5M | 0.0 | 3.2M | 254K | 241.3K | |
Long Term Debt Total | 194K | 156K | 106K | 59K | 67.9K | 80.9K | |
Capital Surpluse | 4.4M | 7.2M | 7.7M | 8.9M | 10.2M | 6.1M | |
Property Plant Equipment | 52.9M | 33.1M | 47.9M | 119.0M | 136.8M | 143.7M |
Pair Trading with Tenaz Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tenaz Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tenaz Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Tenaz Stock
Moving against Tenaz Stock
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The ability to find closely correlated positions to Tenaz Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenaz Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tenaz Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tenaz Energy Corp to buy it.
The correlation of Tenaz Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tenaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenaz Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tenaz Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Tenaz Stock
Balance Sheet is a snapshot of the financial position of Tenaz Energy Corp at a specified time, usually calculated after every quarter, six months, or one year. Tenaz Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tenaz Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Tenaz currently owns. An asset can also be divided into two categories, current and non-current.